ONGC charges premium over Brent in oil deals with BPCL, HPCL

ONGC signs term contracts to sell crude oil from Mumbai offshore fields at a premium to Brent crude oil price; Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) buy 4.5 million tonne each; ONGC produces 13-14 million tonne per annum from Arabian Sea fields; Auctions of Mumbai High and...